Apple Sports #19 In Fortune’s Global 500, Moves 36 Spots Up!

With the Fortune Global 500 chart ranking the world’s most powerful corporations based on their revenue each year, the 2013 edition is finally out, ranking Apple up with 36 spots, soaring from 55th to 19th place based on the revenue of 2012. Previously, Apple managed to crack the Fortune 10 for the first time based on its 2012 revenue of $157 billion, and comes second only to the oil giant Exxon Mobile in terms of market capitalization. This is remarkable as the ongoing woes with its share price does not hinder Apple from this success. According to Fortune:

"Apple is bigger than ever – cracking the Fortune 10 for the first time and moving up 36 spots in the Global 500. The company has done anything but slow down. The introductions of the iPhone 5 and a the 7-inch iPad Mini helped propel the tech giant’s revenues up from $108 billion in 2011 to $157 billion last year.

In a surprising move, Apple reportedly may shift some of its manufacturing from long-standing Taiwanese partner Foxconn to Pegatron, a smaller competitor, in an effort to balance out its supply chain."